6 Analysts Have This to Say About Cadence Design Sys
Portfolio Pulse from Benzinga Insights
In the last quarter, Cadence Design Sys (NASDAQ:CDNS) received 2 bullish and 4 somewhat bullish ratings from analysts. The average 12-month price target for the stock is $235.5, up 5.69% from the previous average of $222.83.
June 05, 2023 | 3:05 pm
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POSITIVE IMPACT
Cadence Design Sys received positive analyst ratings, with an average 12-month price target of $235.5, up 5.69% from the previous average.
The positive analyst ratings and increased average price target for Cadence Design Sys indicate a bullish sentiment for the stock. This is likely to have a positive short-term impact on the stock price, as investors may consider the stock more attractive based on these ratings and price targets.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100